NOT LISTED FOR SALE

6722 Lemp Ave North Hollywood, CA 91606

North Hollywood Neighborhood

Estimated Value: $1,157,000 - $1,445,000

8 Beds
8 Baths
4,760 Sq Ft
$278/Sq Ft Est. Value

Last Sold March 13, 2014

Last sale price $655,000 $138 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $7,757/month

Highlights

  • No Units Above
  • North Hollywood Senior High School Rated A
  • No HOA

About This Home

As of March 2014

This is a standard sale. This economically sound 4-unit complex comes fully occupied with lifelong tenants that have the desire to resume resides at this location, if the new owner so chooses. It has individual parking spaces for each unit and a shared wash room in the back. No single residence is above or below one another. Each residence consists of 2 bedrooms upstairs, 1 bath up, and 1 bath down; along with a private patio area in the back of each unit. DO NOT WALK ON PROPERTY!!!!, DO NOT DISTURB TENANTS!!!!!!, DRIVE BY ONLY!!!!!!!!!!

Last Agent to Sell the Property

Ola Smith

No Firm Affiliation License #01253750 Listed on: 12/16/2013

Last Buyer's Agent

Garen Vartanyan

Berkshire Hathaway H.S.C.P. License #01241822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,051

Year Built

  • Built in 1964

Lot Details

  • 6,753 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Parking Spaces

Home Design

  • 4,760 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 6346
  • Assessor Parcel Number 2320015008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,326
  • Insurance Expense $873
  • Trash Expense $3,071
  • Water Sewer Expense $3,581
  • New Taxes Expense $1,819
  • Gross Income $4,800
  • Net Operating Income $32,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,051

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3581.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2320015008
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 137.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3071.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1326.00
  • Gross Income: 4800.00
  • Gross Scheduled Income: 44196.00
  • Insurance Expense: 873.00
  • Lot Size Area: 6753.0000 Square Feet
  • Net Operating Income: 32719.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 956.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1819.00
  • Tax Lot: 10
  • Tax Tract Number: 6346
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Paruryan Lusine
Bought by
Lusine Paruryan Revocable Living Trust and Paruryan
Current Estimated Value
$1,321,863

Purchase Details

Closed on
Oct 25, 2013
Sold by
Dorman Robert M Olivier
Bought by
Paruryan Lusine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 1997
Sold by
Dorman Carole R
Bought by
Dorman Carole R and Carole R Dorman Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lusine Paruryan Revocable Living Trust -- None Listed On Document
Paruryan Lusine $655,000 Priority Title
Dorman Carole R -- --
Dorman Carole R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paruryan Lusine $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2014 03/13/14 Sold $655,000 +13.7% $138 / Sq Ft
12/16/2013 12/16/13 For Sale $575,900 -- $121 / Sq Ft
10/08/2013 10/08/13 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,051 $802,931 $481,760 $321,171
2024 $10,051 $787,188 $472,314 $314,874
2023 $9,863 $771,753 $463,053 $308,700
2022 $9,466 $756,622 $453,974 $302,648
2021 $9,279 $741,787 $445,073 $296,714
2019 $9,008 $719,787 $431,873 $287,914
2018 $8,892 $705,674 $423,405 $282,269
2016 $8,460 $678,273 $406,964 $271,309
2015 $8,340 $668,086 $400,852 $267,234
2014 $3,884 $285,282 $161,198 $124,084
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2014

    Ola Smith

    No Firm Affiliation

  • G

    Buyer's Agent in 2014

    Garen Vartanyan

    Berkshire Hathaway H.S.C.P.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13202192

California Regional Multiple Listing Service (CRMLS)

APN: 2320-015-008

California Los Angeles County North Hollywood 91606 North Hollywood

6722 Lemp Ave, North Hollywood, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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